When profit-maximizing firms in competitive markets are, Ask an Expert

Economics

When profit-maximizing firms in competitive markets are earning negative economic profit, Select one:

1. The most inefficient firms will exit the industry.

2. Market demand should exceed market supply at the market equilibrium price.

3. New firms will enter the market.

4. Market supply should exceed market demand at the market equilibrium price.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91223346

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